Air Canada issues annual report highlighting its financial accomplishments in 2023

On March 16, Canadian flag carrier Air Canada issued its 2023 annual report, demonstrating its numerous achievements throughout the past calendar year. While one might expect the report to include traditional financial performance statistics, this document went far beyond that with a complete analysis of the carrier's progress toward achieving several strategic initiatives. Throughout 2023, Air Canada safely carried over 45m passengers, which helped the airline, alongside its regional, low-cost, cargo, and charter subsidiaries, record full-year operating incomes of $2.3b, which came alongside a record operating revenue of $21.8b. With these numbers in mind, it is safe to say that the carrier is performing well financially and continues to provide solid returns for investors. The carrier has also continued to grow throughout the last year, with fourteen new routes launched, bringing the airline's total number of destinations served to 188. In this article, we will take a deeper look at Air Canada's 2023 annual report and where the airline stands a quarter of the way through 2024.<br/>